SPACs continue to advance as trust-based partnerships

The rise of Special Purpose Acquisition Companies (SPACs) as a way of accomplishing reverse mergers and public listings is an ongoing development that has drawn the attention of investors that poured roughly three-times more in the space in 2020 than in 2019 with $64 billion in capital inflows.

Regulators are watching too and to be sure activity remains brisk this year as well.

Last Friday (March 26), WeWork announced that it will finally become a publicly listed company, thanks to the magic of SPACs. The flexible-workspace unicorn that crashed spectacularly just two years . . .

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.
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